With CCI ON CHART V3 , we Have 4 levels :
if you choose level1=100 and level2=200 : we have levels 200 100 and -100 -200.
The CCI on Chart is very close of Bollinger Bands ,Just Standard deviation is calculated differently.
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For memory the CCI code is :
CCI (14) = [Cm -MM14 of Cm] / [0015 x σ]
Cm = Typicalprice
MM14 (Cm) =14 periods moving average of the typical price;
σ = standard deviation of the typical price compared to MM14.
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if you choose level1=100 and level2=200 : we have levels 200 100 and -100 -200.
The CCI on Chart is very close of Bollinger Bands ,Just Standard deviation is calculated differently.
////////////////////////////////////////////////////////////////////////////////////////////////////////
For memory the CCI code is :
CCI (14) = [Cm -MM14 of Cm] / [0015 x σ]
Cm = Typicalprice
MM14 (Cm) =14 periods moving average of the typical price;
σ = standard deviation of the typical price compared to MM14.
/////////////////////////////////////////////////////////////////////////////////
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